Leonardo buys 35% it didn't already own in Gem Elettronica
(Il Sole 24 Ore Radiocor) - Milano, 23 mar - The Italian defence and aerospace company Leonardo said it has increased its stake in Gem Elettronica to 100% from a previous 65%.
Financial details of the deal were not disclosed.
Leonardo said the transaction will "strengthen its full suite of radar and systems for naval and coastal applications thanks to the full integration of the product portfolio." Gem reported revenue of more than 45 million euros in 2025. It focuses on the development and production of navigation systems, situational awareness, radar sensors, optronic and inertial sensors uded in the military naval domain and in.
coastal surveillance.
(RADIOCOR) 23-03-26 13:18:30 (0316) 5 NNNN